Kenneth Rogoff on Eight Centuries of Financial Folly & The Curse of Cash

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Mike talks with Dr. Kenneth Rogoff, Professor of Economics and Thomas D. Cabot Professor of Public Policy at Harvard University. From 2001–2003, Dr. Rogoff was Chief Economist at the International Monetary Fund. He’s a senior fellow at the Council on Foreign Relations, serves on the Economic Advisory Panel of the New York Federal Reserve, and is a member of the National Academy of Sciences as well as the American Academy of Arts & Sciences.

Dr. Rogoff’s books include Foundations of International Macroeconomics, the standard graduate text in the field, This Time Is Different: Eight Centuries of Financial Folly, and, most recently, The Curse of Cash: How Large-Denomination Bills Aid Crime & Tax Evasion and Constrain Monetary Policy, which just came out in an updated paperback edition.

In this interview, Mike and Dr. Rogoff discuss:
– commonalities in financial crises
– the challenges of analyzing eight centuries of financial data
– whether Dodd-Frank was a step in the right direction
– why stability is inherently destabilizing
– the inevitability of financial crises
– why there are so many $100 bills in circulation
– who benefits from large denomination bills
– recommendations for macroeconomic literacy
– and lots more!

Dr. Rogoff Recommends
Lords of Finance. Liaquat Ahamed
Economix. Michael Goodwin
The Economist

Follow Dr. Rogoff on Twitter
Dr. Rogoff’s Website

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